Omaha daily bee., 1887-09-01
THE GRAIN MARKETS STEADY
Slightly Improved Prices and Incre ased
Speculative Business in Wheat
RATHER FREE BUYING OF CORN.
Provisions Characterized BY a Revi.
val or lnterest-Heavy Receipts OF
Native Cattie-Hogs siow-Gen.
eral Quotations
CHICAGO PRODUCE MARKET.

CHICAGO August 3l.-lSDecal Telegram
to the BEE. The grain markets were firm
and steady to-day. Slightly improved prices
and increased speculative business in wheat
Is reported, no especial change in the volume
of trade In corn being observable. The bank
rupt stock of California wheat in Liverpool,
or as much of II as Is liable to be forced on
the market. has been greedily snapped up by
English bargain hunters, who are unable to
get as much of wonderfully cheap property
as they wanted. Decided changes in senti
ment followed and market cables, private
and public, were more reassuring than they
have been for weeks. "All artificial causes
OF depression may now be considered as
practically eliminated from the situation and
the markets Of the world are on a healthy
basis at last" was the observation of one of
the leading grain merchants of Chicago this
morning; and the great majority of the trade
seem to have arrived at a similar conclusion.
There is no violent upheaval of speculation, 1,
but the increase in general speculative in
quiry Is manifest and this gradual revival of
trade cannot be interpreted as
otherwise than most healthful
sign. The closing prices for two days
do not show any very important enhance
ment in values, but the average of prices to-
day was materially higher than Yesterday,
and the tone was better all around. The Of
ficial announcement that the proprietors of
two elevators in which was stored about
$4,000 bushels Of so-called ''stump taiP'
wheat had been moved. as result Of of.
ficial inquiry into its condition. to buy in re.
ceipts and agree to ship out grain, produced
no effect because such action had been an
ticipated and Its effect IN sense discounted.
The trade will be heartily glad that this bug
bear has been at longth removed. First
trades in September wheat were on Dasis
Of 6Shc The highest quotation was 6S16@
@ Sss:u 'ns az % sss eGss 2snssa wr' ss oS SssGSss
70as070kc high, closing at 70kc. December
closed at 7sKS75sGc.
tive inquiry very evenly distributed over the
list of deliveries noted, There was also
rather free buying to ill outstanding con-
tracts, speculative short sellers, as a rule,
not being entirely satisfied with the outlook.
A satisfactory shipping demand is reported,
lake engagements for the day being 252,O0O
bushels, and receipts continue liberal, yes
terday's arrivals footing up $4,000 bushels,
and to o-day's rereipts being estimated at 465
cars. May corn opened at 44s49441sc, ranged
from that figure to 45l4845ssc, and closed at
45c. October opened at 4lA@4lssc, ranged
at 4lA@4l5sc, and closed OF 4l9sc. Septem-
Der opened at 40Sc, ranged at 40A 0g40ssc,
aud closed at 404c.
In the speculative market for oats to-day
there was not much new business, most
of It, as for several days past being in the
way of changes. September contracts were
transferred to October at 19llsc
difference, and the premium on
May over September was G14c.
The dullness and weakness in cash property
had a depressing effect upon futures and
prices for October and November suffered a
break of %@Mc. May oats were only sc
lower at the close, but, generally heavy
tone prevailed on the whole line.
In provisions yesterday the revival of in
terest was continued. In a general way
more activity was displayed and the market
possessed attractive forces to a sufficient ex-
tent to induce comparatively good attend
ance Traders were disposed to watch the
trade closely and the feeling was again
stronger, an advance of TIC being estab-
llshed on January pork, 212(G5c on different
deliveries of lard and 5@716c on short ribs.
January, the leading winter future, closed at
Sl2.4O for pork, 86.52k for lard and S6.37k
for short ribs, For September lard sold at
S635Qs6. .4O@6 425f on the split aud short ribs
at $7.97]6QpS. 90, closing at S6.40@6.42H and
$500 respectively. September lard was
changed over to October at a premium of
about &c and september short ribs at a pre-
MUM of 21<@71fc. November and Decem
Der lard sold at prices closely approxmatin &
the market for October, which ranged at
$6.42l6tD6.47h.